Cheap Homes for Rent in Milwaukee, WI from $700 (108 Rentals)

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property at 5725 W North Ave

5725 W North Ave

MilwaukeeWI53208
property at 2436 N 1st St

2436 N 1st St

MilwaukeeWI53212
property at 3053 N 36th St

3053 N 36th St

MilwaukeeWI53210
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Milwaukee, WI Local Guide

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 04/09/2025

Current apartment rentals in the Milwaukee, WI area range in price from $730 to $5,000 with an overall median price of $1,968. The three Milwaukee neighborhoods with the lowest median rent pricing are Concordia at $995, Old North Milwaukee at $900, and The Regent at $1,175. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Concordia$995$9951
Old North Milwaukee$1,100$9002
The Regent$1,175$1,1751
Midtown Milwaukee$1,215$9952
Brown Deer Park$1,375$1,1951
Brynwood$1,400$9506
Calumet Farms$1,400$1,2002
Dretzka Park$1,400$1,2002
Freedom Village$1,400$1,0004
Granville Station$1,400$1,2002

Cheapest Available Milwaukee Apartments for Rent

 

The cheapest available apartment rental in Milwaukee, WI is a Studio unit found at Garden Place (55+) in the River View neighborhood priced from $410. The Residences at ThriveOn King in the Haymarket neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $438. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Garden Place (55+)Studio - Income RestrictedStudio,1BA$410
The Residences at ThriveOn KingOne Bedroom Loft1BR,1BA$438
Kilbourn ApartmentsStudioStudio,1BA$460
West Park ApartmentsEfficencyStudio,1BA$540
Clarke Square Terrace (55+)One Bedroom - Income Restricted1BR,1BA$576
Colonial ApartmentsStudio *StandardStudio,1BA$595
Garden Terrace Senior Apartments (55+)Studio - Income RestrictedStudio,1BA$606
Becher Terrace (55+)One Bedroom1BR,1BA$655
Lakeside ApartmentsStudioStudio,1BA$675
Edgewater EastOne Bedroom1BR,1BA$680

Best Value Apartments for Rent in Milwaukee, WI

As of April 09, 2025 the best value apartment in the Milwaukee area is the $0.38 price per square foot 3709 W Galena St Model at 3709 W Galena St, Unit 3709 in the in the West Side neighborhood starting from $1,000. The second greatest value Milwaukee apartment is the Townhome Model at Rooted & Rising Apartments & Townhomes starting at $1,050 with a $0.53 price per square foot in the Grasslyn Manor neighborhood. Here is today’s list of the best values for Milwaukee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3709 W Galena St, Unit 37093709 W Galena St3BR,1BA$0.38
Rooted & Rising Apartments & TownhomesTownhome3BR,2.5BA$0.53
709 E Brady St, Unit 1709 E Brady St3BR,1BA$0.67
2457 N 1st St, Unit front back2457 N 1st St1BR,1BA$0.60
University Row3 Bed 1 Bath3BR,1BA$0.76
Mitchell Street Market LoftsTwo Bedroom - 50%2BR,2BA$0.78
700 Lofts2 Bedroom 1 Bath2BR,1BA$0.87
Columbia Square1 Bed, 1 bath1BR,1BA$0.77
2929 N 18th St, Unit Lower Unit2929 N 18th St2BR,1BA$0.86
Clarke Square Terrace (55+)Two Bedroom - Income Eligible2BR,1BA$0.80

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Frequently Asked Questions about Milwaukee

What type of rentals are currently available in Milwaukee?

There are currently 3698 Apartments for Rent in Milwaukee, WI with pricing that ranges from $438 to $15,812. There are also 235 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwaukee ranging from $730 to $5,000.

What is the current price range for Rental Homes in Milwaukee?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Milwaukee ranges from $730 to $5,000 with an average monthly rent of $1,870.

How much are larger Three and Four Bedroom Rentals in Milwaukee?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Milwaukee range from $549 to $15,812, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $4,295. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $676.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.